BAKU, Azerbaijan, November 24. Climate finance
decision adopted at COP29, said COP29 President, Mukhtar Babayev,
during the closing plenary of the 29th session of the Conference of
the Parties (COP29) to the United Nations Framework Convention on
Climate Change, Trend reports.
It was thus decided to set a target, led by developed country
Parties to the Convention, of at least US$300 billion annually by
2035 to support developing country Parties in their actions to
combat climate change.
The document states that this funding will be drawn from a
variety of sources, including public and private, bilateral and
multilateral, as well as alternative sources of finance.
Will be updated
